Dassault Systemes Raises EPS Outlook on 3Q Rise in Sales, Operating Margin
October 25 2023 - 2:05AM
Dow Jones News
By David Sachs
Dassault Systemes on Wednesday confirmed its full-year guidance
and raised its earnings-per-share outlook following a rise in
revenue and an operating margin that was slightly higher than
expected.
Reporting on a non-IFRS basis, the French software maker said
overall revenue rose 11% from the third quarter of last year to
1.42 billion euros ($1.50 billion). Dassault Systemes had expected
third-quarter revenue of between EUR1.40 billion and EUR1.42
billion.
The company's non-IFRS operating margin hit 31%. It had expected
a margin of between 30.2% and 30.5%.
Software revenue increased 12% to EUR1.29 billion, Dassault
said.
Dassault backed its full-year guidance and raised its diluted
earnings per share expectations by 1 European cent to a range of
between EUR1.19 and EUR1.21.
Dassault Systemes, like other European software companies,
presents its figures as two sets of numbers. One set is based on
the International Financial Reporting Standards--an international
accounting method that seeks to provide a global reporting
standard--though analysts and investors tend to follow non-IFRS
numbers. Those figures exclude share-based compensation,
restructuring expenses and acquisition-related charges.
Write to David Sachs at david.sachs@wsj.com
(END) Dow Jones Newswires
October 25, 2023 01:50 ET (05:50 GMT)
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